Nov 12, 2014
NASHVILLE, Tenn. - Bill Hagerty, commissioner of the Tennessee Department of Economic and Community Development, is leaving the Haslam administration.
Governor Bill Haslam announced Wednesday that Hagerty will be stepping down to return to the private sector.
The Republican governor didn't say what exactly Hagerty will be doing next, but he lauded Hagerty's recruitment efforts in helping Tennessee be recognized this year as the State of the Year in economic development.
“Bill has done an incredible job leading our state’s business recruitment efforts for the past four years,” Haslam said in a statement. “Our goal has been to make Tennessee the No. 1 location in the Southeast for high quality jobs, and Bill has been key to the successes we’ve had in attracting new investment into the state as well as continued growth of our existing businesses. I am grateful for his willingness to serve in the Cabinet and wish him and Chrissy the best upon his return to the private sector.”
Hagerty has served in a number of executive positions ranging from chief financial officer, to chairman and chief executive officer.
A longtime friend and adviser to former presidential candidate Mitt Romney, Hagerty also worked on the White House domestic policy staff during the George H.W. Bush administration as a member of the President's Council on Competitiveness.
“It has been my distinct honor to serve with Gov. Haslam on behalf of the people of Tennessee,” Hagerty said. “The exceptional team we assembled executed one of the most aggressive economic development programs in the world. Tennesseans deserve no less. Our team recruited some of the world’s most iconic companies and enhanced our state’s global reputation for business. I would like to thank Gov. Haslam for this opportunity to serve. I look forward to working with the governor to judiciously transition this important work to our state’s next commissioner of Economic and Community Development.”
Hagerty will serve as co-chair of the 2015 Inaugural Committee prior to his departure. The governor will name a successor at a later date.
(The Associated Press Contributed To This Report.)